Chambers demands reduction in sales tax, interest rates.

RAWALPINDI -- The 12th All Pakistan Chambers Presidents Conference, organized by the Rawalpindi Chamber of Commerce and Industry (RCCI), on Thursday unanimously demanded the government to reduce the sales tax rate to 5 percent from 17 percent.

RCCI President Saboor Malik, in a statement, said more than 47 chamber presidents from across the country attended the annual conference through videolink .

The declaration adopted by the conference called for decreasing the interest rate to 4 percent. It also demanded that all types of income should be taxed, while the Federal Board of Revenue should focus on new taxpayers and not burden the existing...